Pre-Trading Thoughts

Egypt received nearly USD13 billion in remittances from Egyptians abroad in 1H2023. The Fuel Pricing Committee is expected to maintain the prices of petroleum products during the current quarter as a result of the decline in Brent prices in 2Q23, and the stability of the official exchange rate. The International Islamic Trade Finance Corporation (ITFC) aims to inject USD500 million into Egypt during the next six months to implement projects with the government, as part of its USD1.5 billion j...